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I reduced my equity from 55% to 12% when i left. it felt fair.
by RocketSyntax 7y ago
I reduced my equity from 55% to 12% when i left. it felt fair.
- mickeyM 7y agoThat would feel fair to me too :)
- quaquaqua1 7y agoI'm confused, how much is 12% worth when acquired? If we aren't talking about $3x,xxx or more USD, then the acquisition isn't really very financially significant. As such I would tell the cofounder that litigiation is a waste of time for both parties and that he really should just give you 12% or etc before you are forced to ruin a relationship and pursue legal action, which would be a net loss for everyone except the lawyers.
- mickeyM 7y agoTrue, thank you
- quaquaqua1 7y agoGood luck!!! Sad that he is refusing to meet you in the middle. Stick to your rights.
- mickeyM 7y agoSure, thanks! :)